Ciarán Lynch (Cork South Central, Labour)
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To ask the Minister for Finance his views on whether it is appropriate that the Governor of the Bank of Ireland, who receives a substantial salary for his part-time position is also retained as a consultant to the same bank; and if he will make a statement on the matter. [15774/13]

Michael Noonan (Limerick City, Fine Gael)
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I can confirm to the Deputy that the annual fee of €59,000 received by the current Governor of the Bank of Ireland, over and above his annual non-pensionable salary, relates to a consultancy arrangement with Bank of Ireland (UK) plc. The current Governor’s non-pensionable salary is at the same level as the previous Governor’s salary. The decision to engage the current Governor in this extra capacity is a commercial one at the discretion of the Bank.